Santa Clara, CA (PressExposure) September 27, 2011 -- Leeyo Software, Inc., a global leader in automated revenue recognition for ERP platforms, announced today that its RevPro version 2.1 [http://leeyo.com/revpro.html] has achieved SAP certification as powered by the SAP NetWeaver® technology platform. The RevPro 2.1 solution, now proven to integrate with SAP® solutions, delivers a rapid data integration path, increased revenue automation, and expanded management capabilities.
"We are delighted to announce the successful certification of our RevPro 2.1 suite of revenue automation modules as powered by SAP NetWeaver," said Jagan Reddy, CEO of Leeyo Software. "RevPro continues to allow companies, large and small, to automate daily, monthly and quarterly revenue tasks as well as utilize system-embedded revenue best practices to maintain compliance with ever-changing Financial Accounting Standards Board (FASB) revenue guidelines. This certification continues our commitment to our customers - including those using SAP solutions - to deliver innovative, real-time solutions across the revenue cycle."
The SAP Integration and Certification Center has certified that RevPro 2.1 integrates with the SAP NetWeaver Process Integration (SAP NetWeaver PI) 7.0 offering to exchange critical data with instances of SAP Business Suite software. This was certified via the SAP integration scenario NW-XI-CNT 3.0.
RevPro 2.1 is a suite of powerful revenue modules that automate an organization's revenue recognition requirements under multiple accounting guidelines such as ASC 2009-13 and 14 (formerly EITF 08-1 and 09-3) and ASC 985 (formerly SOP 97-2). With the automated integration with the SAP NetWeaver environment, customers are able to leverage the power of the sales and distribution application of the SAP ERP applications with the RevPro suite of modules to automate key revenue tasks such as:
Fair value analysis for vendor-specific objective evidence (VSOE) and best estimate of selling price (BESP)
Linking of revenue transactions in SAP applications
Revenue allocations and carve-outs
Timing management of revenue deferrals and releases
Real-time revenue forecasts
Real-time revenue analytics with drill-down capabilities
As certified, RevPro provides a robust out-of-box data integration tool that utilizes standard technologies from SAP such as ALE, IDOCS and SAP NetWeaver PI 7.01 to integrate with RevPro's suite of Simple Object Access Protocol (SOAP) services.
Those interested in learning more about the unparalleled power of RevPro, please visit [http://www.leeyo.com/request-demo.html] to request a live demo or to talk with companies that have changed how they do revenue recognition with RevPro.